Aversion Quote by Seth Klarman
“While it might seem that anyone can be a value investor, the essential characteristics of this type of investor-patience, discipline, and risk aversion-may well be genetically determined.”
About This Quote
Source Book: Margin of Safety by Seth Klarman, 1991
Successful value investing relies on innate traits like patience, discipline, and low risk tolerance, suggesting a genetic component.
In simple terms: Value investing needs patience, discipline, and low risk appetite.
Cultivate these traits or recognize natural limits.
Themes
Mood
Type
When to use this quote
- stock analysis
- portfolio construction
- career counseling
- financial education
Key Concepts
Questions to Reflect On
- Can you improve patience through practice?
- How does discipline affect investment outcomes?
Traits can be developed through training, not only genetics.